Ben Bernanke
  • Photo Credit: Reuters/Gary Cameron Last Wednesday in Washington, Federal Reserve Chairman Ben Bernanke presented congressional testimony that repeated, virtually word for word, statements about U.S. monetary policy he has been making since last September. The Federal Reserve, Bernanke said, would continue buying $85 billion of bonds monthly until it was confident of reducing unemployment to 6.5%. The scale of these purchases might be increased or diminished, but only if and when such…U.S.,Ben Bernanke,Macroeconomics,United States,US Federal Reserve,Reuters Comment
  • JACKSON HOLE, Wyo. (AP) — Every August, the world's financial markets shift their attention from the centers of global commerce — New York, London, Tokyo — to a mountain valley in northwest Wyoming. On Friday, they will hear a speech by Federal Reserve Chairman Ben Bernanke.

    So how did Jackson Hole, Wyo., come to wield such outsize importance in global economic affairs?

    In a word, trout.

    LAST UPDATE : Dec 06, 2012, 2:30 AM EST
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